SYNNEX Corporation Reports Second Quarter Fiscal 2020 Results

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Go back to SYNNEX Corporation Reports Second Quarter Fiscal 2020 Results

SYNNEX Corp. (SNX) Tops Q2 EPS by $3.95, Revenues Beat; Offers 3Q EPS/Revenue Guidance Abvove Consensus

June 25, 2020 4:18 PM EDT

SYNNEX Corp. (NYSE: SNX) reported Q2 EPS of $1.83, $3.95 better than the analyst estimate of ($2.12). Revenue for the quarter came in at $5.53 billion versus the consensus estimate of $5.13 billion.

Second Quarter Fiscal 2020 Highlights

Technology Solutions: Revenue was $4.5 billion, down 2.1% from the prior fiscal year second quarter. Operating income was $88 million, or 2.0% of segment revenue, compared to $112 million, or 2.5% of segment revenue, in the prior fiscal year second quarter. Non-GAAP operating income was $98 million, or 2.2% of segment revenue, compared to $124 million, or 2.7% of segment revenue, in the prior fiscal year second quarter.Concentrix:... More